Mortgage Rate Forecast

December 22, 2009

A release by BCREA for December, 2009:

Home buyers will benefit from a low mortgage rate environment through much of 2010. The BC Real Estate Association forecasts borrowing costs to rise more quickly during the tail-end of 2010 and through 2011.

“Mortgage rates will inevitably rise from current levels. Today’s low interest rates are the product of a global coordinated effort to mitigate the worldwide economic downturn through fiscal and monetary stimulus”.